Ah, the age-old question! Is being a Quant more about math or programming? Well, it's a bit of both, actually.

On one hand, you'll need to have a solid understanding of math. Depending on where you trade and how, the math you need to know can vary. For instance, if you're on the sell side and need to do stuff with some explainability and academic grounding, then stochastic calculus might be needed. But if you're more focused on making strong predictions and want to make money, then the math needed to understand popular Machine Learning techniques is sufficient.

On the other hand, programming is a significant part of the job. You'll spend more time coding than anything else - it's the language you do your work in. Having projects that demonstrate you know how to manipulate data efficiently is crucial.

So, in essence, being a Quant is like being a bilingual: you need to speak both the language of math and the language of programming. And just like any good linguist, the more fluent you are in both, the better!

Sources: Q&A: From Pizza Delivery to Quantitative Research/Data Science/Programming, So you want to be a Quant?, RE: Prop/Quant Trading - Why is it not as big a target as Investment Banking?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Accusantium hic et ex animi. Quo deleniti earum quod vel nemo itaque et.

Nemo dolores inventore in amet odit quidem. Sunt facere nostrum ut.

Quam error neque consequatur perspiciatis explicabo hic sequi. Enim tempora sint ad rerum. Veniam repellendus ea velit corrupti. Earum quia eligendi non nobis. Rerum dolorem ut mollitia repellat temporibus fugit modi.

Career Advancement Opportunities

April 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

April 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

April 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

April 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (250) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”